First Northwest Bancorp (NASDAQ:FNWB – Get Free Report) issued its quarterly earnings results on Thursday. The financial services provider reported ($0.08) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.10), FiscalAI reports. The firm had revenue of $16.49 million for the quarter, compared to analyst estimates of $16.55 million. First Northwest Bancorp had a net margin of 1.32% and a return on equity of 0.96%.
First Northwest Bancorp Price Performance
First Northwest Bancorp stock traded down $0.01 during mid-day trading on Thursday, hitting $10.31. The company’s stock had a trading volume of 29,520 shares, compared to its average volume of 34,774. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 1.98. The stock has a market capitalization of $97.94 million, a P/E ratio of 64.44 and a beta of 0.63. First Northwest Bancorp has a twelve month low of $8.44 and a twelve month high of $12.52. The stock’s fifty day moving average price is $10.27 and its two-hundred day moving average price is $10.23.
Insider Activity
In other news, Director Dana Behar sold 25,000 shares of the stock in a transaction on Friday, August 14th. The stock was sold at an average price of $11.51, for a total transaction of $287,750.00. Following the completion of the sale, the director owned 115,219 shares in the company, valued at approximately $1,326,170.69. This represents a 17.83% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.14% of the company’s stock.
Analyst Ratings Changes
FNWB has been the subject of several research reports. Weiss Ratings cut First Northwest Bancorp from a “hold (c)” rating to a “hold (c-)” rating in a research note on Thursday, September 3rd. Wall Street Zen upgraded shares of First Northwest Bancorp from a “sell” rating to a “hold” rating in a research report on Saturday, August 15th. Finally, Piper Sandler boosted their price target on shares of First Northwest Bancorp from $13.50 to $15.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $15.00.
Read Our Latest Analysis on First Northwest Bancorp
First Northwest Bancorp Company Profile
First Northwest Bancorp is the bank holding company for First Fed Bank, a community-focused financial institution headquartered in Port Angeles, Washington. First Fed Bank provides banking services to individuals, families, businesses and nonprofit organizations in communities across the Olympic Peninsula and the broader Puget Sound region.
The bank offers deposit products such as checking and savings accounts, certificates of deposit and business accounts. Its lending activities include residential mortgages, home-equity loans, consumer loans and commercial financing for businesses and real estate projects.
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